Broadcom (AVGO) Stock Price vs Operating Income
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From Q3 2020 to Q3 2021, Broadcom's operating income grew 110.7% from $3.54 billion to $7.46 billion, while the stock price rose 53.2% from $31.67 to $48.54 over the same period. Despite the strong earnings growth, the stock's price appreciation lagged the operating income increase, indicating valuation compression. Since August 2009, the stock has risen from $1.62 to $477.06 as of June 2, 2026, while operating income expanded from unrecorded levels to $7.46 billion in Q3 2021, with a measured correlation of 0.73 between the two metrics over the full period.
Trailing-12-month Operating Income was $7.5B as of 2021-08-01, +111% year over year. The stock moved +53% over the same window ($31.67 -> $48.54). The stock is now cheaper relative to Operating Income than a year ago (multiple compression).
Latest close: 482.98 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2021-08-01 | 7.5B USD | Q3 10-Q |
| 2021-05-02 | 6.3B USD | Q2 10-Q |
| 2021-01-31 | 5.1B USD | Q1 10-Q |
| 2020-11-01 | 4.0B USD | FY 10-K |
| 2020-08-02 | 3.5B USD | Q3 10-Q |
| 2020-05-03 | 3.4B USD | Q2 10-Q |
| 2020-02-02 | 3.6B USD | Q1 10-Q |
| 2019-11-03 | 3.4B USD | FY 10-K |
Sources: autario.com/data/stock-avgo-broadcom-daily-prices · autario.com/data/broadcom-operating-income-sec-filings | data verified and hosted on autario.com.